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EDITORIAL: The Next Global Financial Crisis. Is It Here?

Ne News
9 February 2018

Over the past two days, we have seen hundreds of billions (if not, trillions) of dollars wiped from stock markets throughout the world, including the biggest one-day fall on the Dow Jones in its history, falling about 6 percent or 1500 points. This fall was worse than the Global Financial Crisis or even the first trading day on the New York Stock Exchange after the terrorist attacks on New York on 11 September 2001. But unfortunately, programs such as A Current Affair decided that this is not as important as an exclusive interview with Sophie Monk.

And it is worth noting that US President Donald Trump said that it was his policies that saw record closes on Wall Street. But it should be noted that if the Dow Jones Index gets this high, there is an increased possibility of a "correction", and that there is a strong possibility that what we saw over the past week may have been a "correction" on the financial markets, and when there is a "correction", then there is a high possibility for a massive fall. Of course, those who are well aware of history would know that what goes up must come down, and that the stock market is no exception.

Of course, Donald Trump has often exaggerated figures, and if you try to point that out, it is "fake news". Take this quote from the President (on his Twitter account @realDonaldTrump
African American unemployment is the lowest ever recorded in our country. The Hispanic unemployment rate dropped a full point in the last year and is close to the lowest in recorded history. Dems did nothing for you but get your vote! #NeverForget @foxandfriends
Of course, it is worth noting that he has been very selective of the statistics he use. For the Hispanic population of the United States of America, 1,393,000 Hispanic-Americans were unemployed (unemployment rate of 5 percent) and has wiped out gains made since September. For the African-American population, 1,548,000 are unemployed (an unemployment rate of 7.7 percent), but the media has been scared of saying this, as this might be considered to be "fake news" (https://independentaustralia.net/business/business-display/news-corpexpands-its-pro-trump-fakenews-despite-deteriorating-us-economy,11173).

In Australia, the Federal Government has made claims that they have created 400,000 new jobs. But what should be noted is that most of these jobs as casual, and in addition, the official "unemployment" figures don't take into account the underemployed (those who are working part-time but want to work full-time) and the hidden unemployed, which means that there are seventeen job-seekers for every job vacancy (http://unemployedworkersunion.com/). And the Federal Government in Australia want to build the defence industry and want Australia to become a world leader in the manufacturing of material that would be used for war and mass murder.

And in addition, those who are unemployed are forced into slave labour for just 5 dollars a day with no hope of escape. And the biggest beneficiaries of this slave labour is the for-profit job agencies who make money off slave labour.

But, the people of the world are waking up to the fact that the stock market is fake, and are calling for higher wages. But governments around the world are making life harder for the working and middle classes by cutting funding for essential services like social security, education, public transport and the arts and culture; and siphoning the funding into tax cuts for the rich and the war machine (even though countries such as North Korea poses a much of a threat to the world as Kiribati, which poses no threat to the world) which benefits American companies such as Lockheed Martin for example. And if the government can make money off the people's back, then they (the government) will sell it off to the highest bidder.

There is a possibility that the people of the world would take advantage of the situation and overthrow the system that has robbed ordinary people. People such as George Soros and Warren Buffett has benefited from this theft, and no doubt will forced the markets down to buy on the cheap and make money for themselves and corrupt organisations such as the Open Societies Foundation.

Remember, this revolution would not be televised or covered in the mainstream media, which wants us to be informed about the world of the celebrity instead of the really important issues such as the stock market.


Additional Readings:
https://www.globalresearch.ca/global-markets-plunge-as-dow-records-biggest-ever-one-day-point-fall/5628466

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